Game Theory & Strategic Decisions
Game Theory & Strategic Decisions
Module Coordinator/Lecturers
Project Description
Get ready for the most enduring essentials of Game Theory such as "I cut you choose" and what you should know about game theory to shape your decisions!
How is game theory applied in the movie "a beautiful mind"? How does game theory impact your daily life? How can you make better decisions in future? Are Saturn & Media Markt too expensive?
This interactive course covers various disciplines of game theory to understand strategic behavior in everyday and professional contexts such as:
How is game theory applied in the movie "a beautiful mind"? How does game theory impact your daily life? How can you make better decisions in future? Are Saturn & Media Markt too expensive?
This interactive course covers various disciplines of game theory to understand strategic behavior in everyday and professional contexts such as:
- Introduction to Game Theory
- Role of Decision Making
- Role of Leadership
- Role of Organizational Behavior
- The Role of Negotiation
Teaching Method
Theoretical inputs, readers, team work, experiments, case studies, role plays, games
Learning Results
- Establish a critical way of thinking about strategic interactions in real life and in business situations.
- Provide a formal, analytical toolset through game theory to study aspects of co-operation, co-ordination, differentiation and negotiation.
- Provide cross-functional cases and other real-life examples to illustrate the usefulness and complexities of applying theories.
Requirements
Students should possess the willingness and interest to analyses real world problems using analytical methods and to acquire the tools necessary to do so.
Assessment Methods
Assessment tasks:
Part A: 50% presentation of team tasks during workshop
Part B: 50% essay
Compulsory attendance (min. 80%)
Part A: 50% presentation of team tasks during workshop
Part B: 50% essay
Compulsory attendance (min. 80%)
Examination
Grading